Snowflake Inc. (NYSE:SNOW) Shares Sold by DDD Partners LLC

DDD Partners LLC cut its stake in shares of Snowflake Inc. (NYSE:SNOW) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,579 shares of the company’s stock after selling 468 shares during the period. DDD Partners LLC’s holdings in Snowflake were worth $4,294,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Snowflake by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,428,890 shares of the company’s stock worth $2,968,152,000 after buying an additional 743,211 shares during the last quarter. BlackRock Inc. increased its stake in Snowflake by 5.0% in the 2nd quarter. BlackRock Inc. now owns 14,088,422 shares of the company’s stock valued at $2,479,280,000 after buying an additional 674,196 shares during the period. FMR LLC increased its stake in Snowflake by 32.1% in the 3rd quarter. FMR LLC now owns 6,154,085 shares of the company’s stock valued at $940,160,000 after buying an additional 1,496,235 shares during the period. State Street Corp grew its stake in shares of Snowflake by 3.0% during the 2nd quarter. State Street Corp now owns 5,953,850 shares of the company’s stock worth $1,047,759,000 after purchasing an additional 170,914 shares during the period. Finally, Norges Bank acquired a new position in shares of Snowflake during the 4th quarter worth $477,435,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,500 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the sale, the chief accounting officer now owns 28,393 shares in the company, valued at approximately $4,457,133.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Frank Slootman sold 86,078 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $225.13, for a total value of $19,378,740.14. Following the sale, the chief executive officer now owns 180,143 shares in the company, valued at $40,555,593.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Emily Ho sold 1,500 shares of Snowflake stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $156.98, for a total value of $235,470.00. Following the completion of the transaction, the chief accounting officer now owns 28,393 shares in the company, valued at approximately $4,457,133.14. The disclosure for this sale can be found here. Insiders sold 184,355 shares of company stock valued at $37,679,411 in the last three months. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SNOW. Rosenblatt Securities decreased their price objective on shares of Snowflake from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Monness Crespi & Hardt raised shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Stifel Nicolaus lowered their price objective on shares of Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Raymond James increased their price objective on shares of Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Mizuho reiterated a “buy” rating and set a $205.00 target price (down from $255.00) on shares of Snowflake in a research note on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $202.50.

Snowflake Trading Up 1.3 %

Shares of NYSE SNOW opened at $160.05 on Thursday. The firm has a market capitalization of $52.70 billion, a PE ratio of -62.76 and a beta of 0.94. Snowflake Inc. has a one year low of $134.17 and a one year high of $237.72. The business has a 50-day moving average price of $195.94 and a two-hundred day moving average price of $179.43.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 13.80% and a negative net margin of 29.79%. Research analysts anticipate that Snowflake Inc. will post -1.92 EPS for the current year.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.